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> As I said, there are 30,000 banks globally, and all of them are customers of VISA and MasterCard. Uhm, nope. Actually only a small portion are issuers. They
by needusername 11y ago
> As I said, there are 30,000 banks globally, and all of them are customers of VISA and MasterCard.
Uhm, nope. Actually only a small portion are issuers. They likely have a business relation with a local issuer. In addition VISA and MasterCard likely have at least one bank account in the country to do settlement with the acquirer.